CFPB

BNPL Regulation May Be a Win-Win for Providers and Consumers, Consumer Reports Says 

CFPB’s New Rules for BNPL Could Come by Year’s End
CFPB’s New Rules for BNPL Could Come by Year’s End
April 13, 2022  |  BNPL

The exponential growth of buy now, pay later (BNPL) in the last two years, with approximately $97 billion in transactions in 2021, has brough significant regulatory...

READ MORE >
CFPB Sues TransUnion, Sr Exec John Danaher, Alleging History of Deceptive Marketing
CFPB Sues TransUnion, Sr Exec John Danaher, Alleging History of Deceptive Marketing
April 12, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) on Tuesday (April 12) filed a lawsuit against TransUnion, two of its subsidiaries and longtime executive John Danaher for...

READ MORE >
70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
70% of Complaints Filed With the CFPB Are About Credit or Consumer Reporting 
April 12, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) published its semi-annual report on April 6, detailing everything what the agency has done for most of the last year....

READ MORE >
CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
April 11, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is closing today, Monday 11, its deadline to submit comments on its public consultation on “junk fees” after receiving...

READ MORE >
TechREG Weekly: Countries Are Luring Crypto Firms With Friendly Regulation
TechREG Weekly: Countries Are Luring Crypto Firms With Friendly Regulation
April 08, 2022  |  Legal & Regulation

Regulators are luring crypto firms with crypto-friendly regulations, or at least, they are trying to do so. The U.K. government announced new plans to bring...

READ MORE >
Banks Rewrite Revenue Playbook as Overdraft Fees Slide
Banks Rewrite Revenue Playbook as Overdraft Fees Slide
April 07, 2022  |  Banking

For banks, overdraft fees and at least a few other revenue streams are shrinking, even disappearing in many cases. Get the Full Story Complete the...

READ MORE >
CFPB: Payday Borrowers Are Missing Out on Extended Payment Plans
CFPB: Payday Borrowers Are Missing Out on Extended Payment Plans
April 06, 2022  |  Alternative Credit

The Consumer Financial Protection Bureau (CFPB) on Wednesday (April 6) reported that most payday loan borrowers haven’t benefitted from extended payment plans, which lenders must...

READ MORE >